Kalshi secures exclusive US Open prediction market partnership

Kalshi has secured an exclusive partnership with the U.S. Tennis Association to become the US Open’s prediction market platform partner as the tournament’s main draw gets underway in New York. Summary Kalshi has secured an exclusive deal with the USTA to become the US Open’s prediction market platform partner. The agreement took effect immediately after being finalized following the tournament’s qualifying rounds, with financial terms undisclosed. The deal restricts rival prediction market platforms from advertising at the US Open venue and across tournament television coverage, according to Front Office Sports. Kalshi continues to expand its sports business while fighting state regulators over whether its federally regulated event contracts fall under state gambling laws. Front Office Sports reported on Aug. 30, citing two people familiar with the agreement, that the partnership took effect immediately after being finalized following last week’s qualifying rounds. Financial terms and other parameters of the agreement were not disclosed. The deal gives Kalshi an official role at one of tennis’s four Grand Slam tournaments and was completed later than initially planned. The US Open,...